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Duco & OpenGamma named in Top 10 fintech firms

Euclid portfolio firms, Duco and OpenGamma have been named in eFinancialNews Top 10 fintech firms

https://www.fnlondon.com/articles/the-10-fintech-firms-to-watch-20170220

OpenGamma
This company was on the lips of almost everyone who spoke with FN during research for the list. OpenGamma has come up with a cloud-based data service that gives hedge funds insights into the balance sheet and margin of banks. This helps hedge funds in their trading and clearing decision making. Pre-financial crisis it didn’t really matter to hedge funds which banks they traded with, but that has changed given the Basel III restrictions that banks need to comply with. In February, OpenGamma sold a minority stake to Japan Exchange Group. This backing came after the London-based start-up arranged a $13.3 million funding round which included capital from Accel Partners, and NEX

Duco
Duco is a data business that attempts to improve back-office functions at large banks. Its services include automated trade, portfolio and cash reconciliation between different systems. Its co-founder, Christian Netwich, was named in FN’s 40 under 40 Rising Stars of Trading and Technology in 2014. The London-based company, which claims its revenues have grown by more than 200% year-on-year each year since its inception in 2010, is backed by Euclid Opportunities, the fintech investment business of NEX